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28 Mar 2014
EUR/CHF is back, knocking at 1.2200
FXStreet (Moscow) - EUR/CHF is recovering from the Asian low of 1.2179; the pivotal resistance of 1.2200 is within a reach
EUR/CHF is back in the old range
EUR/CHF refuse bluntly to stay above 1.2200. On Thursday the cross nose dived to the intraday lows of 1.2176 after a failed attempt to test 1.2200. The single currency which added to EUR/CHF negative sentiments. From the fundamental point of view there are no clear catalysts, so the movements of the cross is shaped mostly by technical and speculative factors. The intraday range is limited by 1.2200 on the upside and 1.2180 on the downside. The cross will hardly try to break from this narrow channel today unless something awful happens, for example, Eurozone publishes dreadful confidence indicators, which is unlikely.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2289, with support below at 1.2169, 1.2155 and 1.2135 with resistance above at 1.2203, 1.2223 and 1.2237. Hourly Moving Averages are mixed, with the 200SMA at 1.2185 and the daily 20EMA at 1.2183. Hourly RSI is neutral at 52.
EUR/CHF is back in the old range
EUR/CHF refuse bluntly to stay above 1.2200. On Thursday the cross nose dived to the intraday lows of 1.2176 after a failed attempt to test 1.2200. The single currency which added to EUR/CHF negative sentiments. From the fundamental point of view there are no clear catalysts, so the movements of the cross is shaped mostly by technical and speculative factors. The intraday range is limited by 1.2200 on the upside and 1.2180 on the downside. The cross will hardly try to break from this narrow channel today unless something awful happens, for example, Eurozone publishes dreadful confidence indicators, which is unlikely.
What are today’s key EUR/CHF levels?
Today's central pivot point can be found at 1.2289, with support below at 1.2169, 1.2155 and 1.2135 with resistance above at 1.2203, 1.2223 and 1.2237. Hourly Moving Averages are mixed, with the 200SMA at 1.2185 and the daily 20EMA at 1.2183. Hourly RSI is neutral at 52.